EghtesadOnline: Apple will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said.
EghtesadOnline: “The Maxforce” is the European Union team that ordered Ireland to collect billions of euros in back taxes from Apple Inc., rattled the Irish government, and spurred changes to international tax law. You’d think it might have earned the name by applying maximum force while investigating alleged financial shenanigans. It didn’t. It’s just led by a guy named Max.
EghtesadOnline: Ireland's government will this week formally submit its appeal against the European Commission's multi-billion-euro demand for back taxes from Apple, Finance Minister Michael Noonan said on Tuesday.
EghtesadOnline: A multi-billion euro back tax bill handed to Apple by the European Commission should not be seen as a precedent for future tax cases as it was based on state aid rather than tax law, the OECD official spearheading global tax reform said on Monday.
EghtesadOnline: Ireland's government won strong backing from parliament for its appeal against a 13-billion-euro back tax bill the European Commission ordered it to collect from Apple, following 12 hours of debate on Wednesday.
EghtesadOnline: Apple Inc. is challenging it, Ireland’s government doesn’t want it, but bond investors might one day end up benefiting from it.
EghtesadOnline: Apple Inc. holds a keynote event at which it will probably unveil the iPhone 7, rumored to have no headphone jack.
EghtesadOnline: The EU's ruling that Apple Inc must pay a huge tax bill to Ireland was clearly based on facts and existing rules and was not a decision aimed against the United States, European Commission President Jean-Claude Juncker said on Sunday.
EghtesadOnline: The European Commission denies that its shock demand that Apple Inc. hand 13 billion euros in back taxes to Ireland is, in the pungent phrase of Apple CEO Tim Cook, "total political crap".
EghtesadOnline: The European Commission’s finding that Ireland must collect as much as an attention-getting 13 billion euros ($14.5 billion) in back taxes from Apple Inc. contained a second stunning number: 0.005 percent.